Company update:Anpario H1 2012
Anpario, an international supplier of natural high performance feed additives to enhance health, growth and sustainability in agriculture and aquaculture, has announced its interim results for the 6 months to 30 June 2012.
Summary:
25% increase in adjusted EBITDA1 to £1.35m (2011: £1.08m)
16% increase in sales revenue to £10.82m (2011: £9.36m)
24% increase in gross profit to £3.57m (2011: £2.88m)
Cash balance of £2.83m at 30 June 2012.
Meriden Animal Health Limited, acquired in March 2012, makes a full three month contribution to the company’s general finances. In addition, Anpario’s UK agriculture division continues to grow, due to its market repositioning. Organic feed division, Vitrition, more than doubles profitability through production efficiencies and margin improvement.
Richard Rose, Chairman, commented:
“The Group’s performance is very encouraging, despite the disruption in European and Middle Eastern regions, and demonstrates the resilience of our geographic spread. The recent acquisition of Meriden Animal Health Limited has further bolstered our product range and the business is performing to plan. I am particularly pleased with the successful repositioning of the UK Agriculture Division, which is now focused on value-added feed additives, and Vitrition, our organic feed business, which is performing very well.”
Related website: Anpario
